Dollar Index (DXY) Elliott Wave : Forecasting the Decline

BOJ Core CPI falls to 2.5% BoJ’s Ueda hints at possible shift in policy The Japanese yen is showing little movement on Tuesday. In the European session, USD/JPY is trading at 142.39, down 0.04%. BoJ Core CPI drops more than anticipated Japanese inflation indicators have been heading lower. Last week, Core CPI, which excludes fresh […]

Key Highlights Gold declined and tested the $2,315 zone. A key declining channel is forming with resistance at $2,345 on the 4-hour chart. EUR/USD is holding gains above the 1.0850 level. GBP/USD seems to be aiming for more gains above 1.2800. Gold Price Technical Analysis Gold prices started a fresh decline from the $2,450 resistance […]

The narrowing of the Germany Manufacturing PMI to U.S. ISM Services PMI spread suggests that Germany’s growth prospects have improved relative to those of the US. The preliminary April data from the University of Michigan’s Consumer Sentiment survey has heightened concerns about stagflation in the U.S. EUR/USD rallied to a 52-week high and may have […]